IIBC – Let’s Talk Strata Insurance: From Marijuana Use to Deductible Disputes

CLASSROOM | BUILDING | TECHNICAL 

Strata properties are a popular housing choice in B.C. for the convenience, security, added amenities and good value. Over 1.5 million people live in strata housing. Strata housing can include: condos, townhouses, duplexes, even single family homes in bare land strata corporations (“strata subdivisions”). As strata developments continue to rise, so does the demand for appropriate insurance coverages. Some of the current hot topics that strata corporations have to deal with include: short-term rentals, legalization of marijuana and damages that fall under the strata policy deductible. Our panel will provide broker, legal and consumer perspectives on how strata corporations are dealing with the ever changing strata industry.

SEMINAR OBJECTIVES

• Explore Strata 101
• Discuss updates to the Civil Resolution Tribunal and its effect on strata and D&O insurers   
• Learn best practices for when damages fall under a Strata Policy Deductible
• Examine the legalization of marijuana and the potential impact on insuring both residential and commercial stratas
• Review and open discussion of new, modern by-laws including: short term rentals, guide dogs, marijuana use and home based businesses 

PRESENTERS:

Neil Carfra, Partner, Carfra Lawton LLP
Karl Roemer, Associate, Carfra Lawton LLP
Matthew Wehrung, Associate, Carfra Lawton LLP
James McCracken, Realty Division Team Leader, Megson FitzPatrick Insurance Services
Wendy Wall, Director, Vancouver Island Strata Owners Association

CE CREDITS: 3 Technical

SEMINAR FEES (incl GST):
$ 125.00 Insurance Institute of BC member
$ 205.00 Non-Member (fee includes IIBC membership – expiry May 31/19)
The price for this half-day seminar includes coffee service, light snack and GST.

Time: 1pm – 4:15pm

REGISTRATION DEADLINE: February 29, 2018